Current Affairs Quiz - April 2022

Notes:
The Union Cabinet has approved USD 808 million (₹6,062.45 crore) for a new scheme ‘Raising and Accelerating MSME Performance’ (RAMP).
The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23. It aims to improve access to market and credit of the MSMEs. It focuses on strengthening institutions and governance of the MSME programme, and support to market access and access to finance.

Notes:
Indian private sector lender Axis Bank has acquired the Indian consumer banking businesses of US bank Citigroup.
The sale includes businesses of credit cards, retail banking, wealth management and consumer loans for Rs 12,325 crore, as part of plans to exit its retail operations in 13 markets. The sale excludes Citi’s institutional client businesses in India.

 

Notes:
International Transgender Day of Visibility is observed on March 31. The USAID launched an initiative called ‘Unbox Me campaign’, which advocates for the rights of transgender children.
It aims to raise awareness among parents, teachers and the society about gender identity during childhood. The campaign originated in India, where more than 90 per cent of transgender people leave their homes, or sent out, by the age of 15.

Notes:
US President Joe Biden signed the “Emmett Till Anti-lynching Act” into law, as he made lynching a federal hate crime.
As many as 4,743 persons were lynched between 1882 and 1968, with 3,446 of them being Black. This act was named after the murder of a 14-year-old Black boy from Chicago by a group of White men in Mississippi in 1955 as he was alleged to have whistled at a White woman.

Notes:
India and Sri Lanka have signed a Memorandum of Understanding for the Indian public sector Bharat Electronics Ltd (BEL) to set up a state of the art Maritime Rescue Co-ordination Centre (MRCC) in Colombo.
The agreement is a part of India’s SAGAR (Security and Growth for all in the Region) initiative in the Indian Ocean. The MoU enhances co-operation on maritime security between the two countries in a part of the Indian Ocean region.

Notes:
Punjab Chief Minister Bhagwant Mann announced that his government has decided to start doorstep delivery of ration in the state.
While it is an optional scheme, the government officials will call Punjab’s residents and ask them for their preferred time slot. Earlier, Delhi Chief Minister Arvind Kejriwal had tried to implement the same scheme in Delhi.

Notes:
The plenary body of Chile’s Constitutional Convention formally approved the Rights of Nature within its proposed constitutional text.
The Chilean people will now vote on the final version. After the vote, Chile could become the second such country in the world besides Ecuador.

Notes:
HDFC Bank and HDFC Limited recently announced the merger of the two entities. HDFC Bank, India’s largest private sector bank by assets, has a market cap of Rs 8.35 trillion.
HDFC Limited, India’s largest housing finance company with Assets Under Management (AUM) worth Rs 5.26 trillion and a market cap of Rs 4.44 trillion will merge with HDFC Bank. The subsidiary or associates of HDFC Limited will also be transferred to HDFC Bank, after regulatory approvals.

Notes:
Tata Neu is the super app of India’s leading conglomerate Tata Group, to bring together all of its digital services and apps on a single platform.
Various digital services of the Tata Group from AirAsia India, Air India, Taj Group, BigBasket, 1mg, Croma and Westside will be possible through Tata Neu app.

Notes:
Ministry of Finance oversees the ‘Stand Up India Scheme’, which aims to promote entrepreneurship among women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a Greenfield enterprise.
The scheme has completed six years and loans worth more than ₹30,160 crore have been sanctioned in the last six years. Over 1.33 lakh new entrepreneurs have been facilitated and more than 1 lakh women promoters have benefitted from this Scheme during the last six years.